Six Flags Entertainment (NYSE:SIX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Six Flags Entertainment (NYSE:SIX) in a research note issued to investors on Tuesday. The brokerage issued a hold rating on the stock.

SIX has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft cut Six Flags Entertainment from a buy rating to a hold rating and reduced their price objective for the stock from $29.00 to $27.00 in a report on Wednesday, May 15th. B. Riley raised Six Flags Entertainment from a neutral rating to a buy rating and increased their price target for the stock from $30.00 to $31.00 in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Six Flags Entertainment presently has a consensus rating of Hold and an average price target of $27.42.

Six Flags Entertainment Stock Performance

NYSE:SIX opened at $32.00 on Tuesday. The stock’s 50-day simple moving average is $27.59 and its 200 day simple moving average is $25.84. The company has a market cap of $2.70 billion, a P/E ratio of 100.00 and a beta of 2.33. Six Flags Entertainment has a 52-week low of $18.29 and a 52-week high of $34.06.

Six Flags Entertainment (NYSE:SIX) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.91) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.91). The firm had revenue of $133.29 million for the quarter, compared to the consensus estimate of $135.23 million. Six Flags Entertainment had a negative return on equity of 6.61% and a net margin of 1.84%. As a group, equities analysts predict that Six Flags Entertainment will post 1.53 earnings per share for the current fiscal year.

Six Flags Entertainment Announces Dividend

The company also recently announced a dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 28th were paid a $1.53 dividend. The ex-dividend date of this dividend was Thursday, June 27th.

Insider Activity

In other news, CAO Derek Sample sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $26.44, for a total value of $60,812.00. Following the completion of the sale, the chief accounting officer now directly owns 12,805 shares in the company, valued at approximately $338,564.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Six Flags Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of SIX. National Bank of Canada FI raised its holdings in shares of Six Flags Entertainment by 527.2% in the 4th quarter. National Bank of Canada FI now owns 1,129 shares of the company’s stock worth $28,000 after purchasing an additional 949 shares during the period. Neo Ivy Capital Management bought a new stake in Six Flags Entertainment during the 4th quarter valued at $98,000. Quest Partners LLC bought a new stake in Six Flags Entertainment during the 4th quarter valued at $135,000. Contravisory Investment Management Inc. purchased a new position in shares of Six Flags Entertainment during the 1st quarter valued at $145,000. Finally, AXQ Capital LP purchased a new position in shares of Six Flags Entertainment during the 3rd quarter valued at $216,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

About Six Flags Entertainment

Six Flags Entertainment Corporation owns and operates regional theme and waterparks under the Six Flags name. Its parks offer various thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company sells food, beverages, merchandise, and other products and services within its parks.